What page of the Counselor Realty Franchise Agreement discusses the 'Acceptance of Franchise' section for Counselor Realty?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
2. ACCEPTANCE OF FRANCHISE.
2.1 Acceptance.
- (a) You represent that you fully and truthfully completed our franchise application to the best of your knowledge, and that your execution of this Agreement and any related or supporting documents will not violate the terms or conditions of any other agreement to which Franchisee or Franchisee's owner(s) is a party, or any provision of Franchisee's articles of incorporation or bylaws, operating agreement or partnership agreement (where applicable).
- (b) You agree to open the Office within the time required under Section 1.2 of this Agreement (subject to extension in Counselor's sole discretion) and to operate it in accordance with the System and this Agreement. You agree to cooperate with us and our affiliates on all transactions in which you are involved and to pay commissions in accordance with contractual splits and rates and in accordance with industry norms.
2.2 Acknowledgments. This Agreement is subject to the following conditions:
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the 'Acceptance of Franchise' section is detailed in Section 2 of the Franchise Agreement. Section 2.1 outlines that the franchisee represents they have truthfully completed the franchise application and that their execution of the agreement does not violate any other agreements or provisions. Section 2.2 states that the agreement is subject to certain conditions.
Prospective franchisees should carefully review Section 2 to understand their obligations and representations when accepting the Counselor Realty franchise. This includes ensuring that all information provided in the franchise application is accurate and that signing the agreement does not conflict with any existing legal or business obligations.
Understanding these conditions is crucial for a smooth transition into the Counselor Realty franchise system and to avoid potential legal issues down the line. Franchisees should also be aware of the time requirements for opening the office, as mentioned in Section 1.2, and the obligation to operate the business according to the Counselor Realty system and agreement.